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1938 |
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Charles Webb and Ada Ruth Gordon of Morrilton, Arkansas, found the Webb-Gordon Insurance Agency to primarily serve the property protection needs of rural Arkansas. |
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1953 |
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AMFIC charter is revised, changing the name to American Mutual Insurance Company and making it a legal reserve mutual company with authority to write automobile as well as property insurance. |
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1957 |
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Webb-Gordon Agency is changed to Morrilton Insurance Agency and remained part of AMC. |
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1958 |
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AMC acquires the management of State Farmers Mutual Fire Insurance Company. The dormant charter of Arkansas Farmers Insurance Company is also purchased. |
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1959 |
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State Farmers charter changed to a legal reserve stock insurance company to be called American Underwriters Insurance Company. |
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1984 |
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Stephen Strange, Sr. purchases the majority stock of AMC / Fairmont. Also purchased was a book of service station business from Healy Corporation of San Francisco. To handle the service station business, a Managing General Agency was formed as a division of AMC. |
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1991 |
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American Underwriters Insurance Company assumes all American Mutual Insurance business. American Underwriters Insurance is currently the only insurance company owned by AMC. |
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1992 |
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AMC offices move from Morrilton, Arkansas to Conway, Arkansas. |
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2002 |
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AMC has over 200 employees and $120 million on premium. |
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2004 |
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AMC acquires two MGA's based out of Scottsdale, Arizona, which are combined into what is now our Arizona office. This acquisition adds 400 new agents to AMC / Fairmont's roster and doubles the number of carriers for the E & S Program. |
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